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By: Riza T. Olchondra

May 20th, 2013

The Philippines will stand by its export target of $81.53 billion for 2013 on the back of rising non-electronics shipments and a robust services sector, according to trade officials.

The country aims to chalk up $61.10 billion in merchandise shipments, and $20.43 billion in services exports for 2013, according to Department of Trade and Industry (DTI) data.

In 2012, the country slightly missed its export target of $70.9 billion, as actual shipments only reached $70.594 billion.

Senen M. Perlada, head of the DTI’s Bureau of Export Trade Promotion and executive director of the Export Development Council, said weak semiconductor shipments, due to shifting consumer demand from personal computers and tablets to mobile devices, dragged actual shipments last year.

Philippine manufacturers are bound to shift production toward electronic parts for smartphones. But it will take some time before this produces results, he said.

In the meantime, non-electronics shipments such as fresh and processed food are expected to grow, Perlada said.

In the first three months of 2013, merchandise exports contracted by 6.2 percent to $12.1 billion from the $12.9 billion recorded in the same period of 2012, according to data from the National Economic and Development Authority.

The country should thus boost competitiveness in attracting manufacturing and services investments, Perlada said.

According to the 2012 yearend Market View report by commercial real estate services firm CBRE, the lease rates and land values at the country’s industrial sites may be kept steady throughout the year as landlords retain their competitive edge through lower rents despite the anticipated increase in industrial locators.

Still, the Philippines must aggressively develop new products for export, DTI Undersecretary Ponciano Manalo pointed out.

Services, which include information technology and business process outsourcing, presently account for about a fifth of total exports. This sector must also be supported to cushion the effects of a volatile electronics market, economic analysts said.

The DTI is also conducting seminars for Philippine exporters so they can take advantage of duty-free export facilities under trade partnerships with markets such as Japan, South Korea, Taiwan, Australia and New Zealand, Manalo added.

The post PH retains $81 53B export target appeared first on CBRE Philippines.

May 20, 2013

MANILA, Philippines – The country’s manufacturing industry is now experiencing a resurgence since its slowdown in 2009.

Demand for industrial facilities during the last quarter of 2012 was driven mostly by the relocation of multinational companies to the country.

However, lease rates and land values in industrial sites are likely to keep steady throughout the current year as landlords are inclined to keep their competitive edge through lower rents despite the anticipated increase in industrial locators.

This is among the insights contained in the 2012 yearend Market View report by leading commercial real estate services firm CBRE Philippines, particularly on the industrial property sector, which observed a shift in operations last year of Japanese, Korean, and Taiwanese manufacturing and industrial companies from China to the country.

The tension caused by territorial disputes between China and Japan pushed the companies to look for alternative sites for its operations. In addition, escalating labor costs in the Chinese industrial regions have forced Taiwanese and South Korean companies to move to the Philippines.

With the expected influx of global companies engaged in manufacturing and agro-industrial activities, the country’s four PEZA parks — the First Philippine Industrial Park, LiMA Technology Center, Laguna Technopark and Light Industry and Science Park — are expanding their properties to accommodate the incoming firms. Subic and Clark are also undertaking the expansion and development of its industrial properties to support the growth in industrial activities.

Continuous infrastructure developments such as airport, seaport and highways between the Clark Freeport Zone and Subic Bay Freeport Zone has opened up new areas of investment for the manufacturing industry as these foreign firms realize the country’s high investment potential.

In addition, Ayala Land is currently developing a mixed-use development in Porac, Pampanga that will feature sites for industrial facilities.

The last quarter of the year, which is the holiday season, is a traditional harbinger of increased demand for consumer goods, leading to expansion in imports. Exports, meanwhile, expanded with semiconductors, control instrumentations, metal components, office equipment and telecommunication goods. Total exports in the last quarter of 2012 rebounded by 9.1 percent year on year, while total imports increased by 4.6 percent.

Despite such growth in imports and exports, supply of land for industrial facilities remains abundant therefore keeping lease rates constant.

Rick Santos, chairman and founder of CBRE Philippines, shares that “the resurgence of the manufacturing sector is an indication of renewed investor confidence. This is the best real estate market the Philippines has experienced in the past 20 years.”

The post Relocations of multinationals drive growth of local industrial sector appeared first on CBRE Philippines.

By: Bernie Cahiles-Magkilat

May 19, 2013

The manufacturing industry of the Philippines is now experiencing a resurgence since its slowdown in 2009 as demand for industrial facilities for the relocation site of multinational companies is growing on back of steady land values and rental rates.

This is among the insights contained in the 2012 yearend Market View report by leading commercial real estate services firm CBRE Philippines, particularly on the industrial property sector, which observed a shift in operations last year of Japanese, Korean, and Taiwanese manufacturing and industrial companies from China to the country.

According to CBRE, the tension caused by territorial disputes between China and Japan pushed the companies to look for alternative sites for its operations. In addition, escalating labor costs in the Chinese industrial regions have forced Taiwanese and South Korean companies to move to the Philippines.

“During the last quarter of 2012 was driven mostly by the relocation of multinational companies to the country. However, lease rates and land values in industrial sites are likely to keep steady throughout the current year as landlords are inclined to keep their competitive edge through lower rents despite the anticipated increase in industrial locators,” CBRE said in its 2012 Yearend Market View.

With the expected influx of global companies engaged in manufacturing and agro-industrial activities, the country’s four PEZA parks — the First Philippine Industrial Park, LiMA Technology Center, Laguna Technopark and Light Industry and Science Park — are expanding their properties to accommodate the incoming firms. Subic and Clark are also undertaking the expansion and development of its industrial properties to support the growth in industrial activities, CBRE said.

Likewise, continuous infrastructure developments such as airport, seaport and highways between the Clark Freeport Zone and Subic Bay Freeport Zone has opened up new areas of investment for the manufacturing industry as these foreign firms realize the country’s high investment potential. In addition, Ayala Land is currently developing a mixed-use development in Porac, Pampanga that will feature sites for industrial facilities.

The last quarter of 2012, which is the holiday season, is a traditional harbinger of increased demand for consumer goods, leading to expansion in imports. Exports, meanwhile, expanded with semiconductors, control instrumentations, metal components, office equipment and telecommunication goods. Total exports in the last quarter of 2012 rebounded by 9.1 percent year on year, while total imports increased by 4.6 percent.

Despite such growth in imports and exports, supply of land for industrial facilities remains abundant therefore keeping lease rates constant.

Rick Santos, Chairman and Founder of CBRE Philippines, shares that “the resurgence of the manufacturing sector is an indication of renewed investor confidence. This is the best real estate market the Philippines has experienced in the past 20 years.”

The post Relocations From Asian Manufacturing Firms Drive RP’s Industrial Sector appeared first on CBRE Philippines.

By: Riza T. Olchondra

19 May 2013

MANILA, Philippines—The Philippines will stand by its export target of $81.53 billion for 2013 on the back of rising non-electronics shipments and a robust services sector, according to trade officials.

The country aims to chalk up $61.10 billion in merchandise shipments, and $20.43 billion in services exports for 2013, according to Department of Trade and Industry (DTI) data.

In 2012, the country slightly missed its export target of $70.9 billion, as actual shipments only reached $70.594 billion.

Senen M. Perlada, head of the DTI’s Bureau of Export Trade Promotion and executive director of the Export Development Council, said weak semiconductor shipments, due to shifting consumer demand from personal computers and tablets to mobile devices, dragged actual shipments last year.

Philippine manufacturers are bound to shift production toward electronic parts for smartphones. But it will take some time before this produces results, he said.

In the meantime, non-electronics shipments such as fresh and processed food are expected to grow, Perlada said.

In the first three months of 2013, merchandise exports contracted by 6.2 percent to $12.1 billion from the $12.9 billion recorded in the same period of 2012, according to data from the National Economic and Development Authority.

The country should thus boost competitiveness in attracting manufacturing and services investments, Perlada said.

According to the 2012 yearend Market View report by commercial real estate services firm CBRE, the lease rates and land values at the country’s industrial sites may be kept steady throughout the year as landlords retain their competitive edge through lower rents despite the anticipated increase in industrial locators.

Still, the Philippines must aggressively develop new products for export, DTI Undersecretary Ponciano Manalo pointed out.

Services, which include information technology and business process outsourcing, presently account for about a fifth of total exports. This sector must also be supported to cushion the effects of a volatile electronics market, economic analysts said.

The DTI is also conducting seminars for Philippine exporters so they can take advantage of duty-free export facilities under trade partnerships with markets such as Japan, South Korea, Taiwan, Australia and New Zealand, Manalo added.

The post PH retains $81.53B export target appeared first on CBRE Philippines.

May 18, 2013

Photo shows (from left): Joey Radovan, Vice Chairman for CBRE Philippines global corporate services; Rick Santos, CBRE Philippines chairman & founder; Exequiel Robles, SLI president; David Dela Cruz, SLI executive vice president; and Paul Michael Robles. SLI vice president

MANILA, Philippines – Listed company Sta. Lucia Land, Inc., formally engages CBRE Philippines (CB Richard Ellis Philippines, Inc.) as its exclusive real estate advisor.  Under the terms of the agreement, CBRE Philippines will provide general and transactional advice to both SLI and its parent company, Sta. Lucia Realty and Development Inc. (SLRDI) on how to optimize the group’s combined portfolio of over 220 projects, which includes 14 golf courses, a shopping mall in Rizal, over 10 high rise projects and several leisure and tourism-related properties.

The Sta. Lucia Group has over 40 years of track record in real estate development, and is known for its landmark leisure developments such as the Acropolis in Quezon City, the Splendido Complex in Tagaytay, the Orchard Golf & Country Club in Cavite, Alta Vista in Cebu and Rancho Palos Verdes in Davao.
Exequiel Robles, SLI president and CEO said the group’s vision is “to provide quality projects in the residential, tourism/leisure and retail segments of the market.  Over the years, we have developed over 9,000 hectares of land across the country and will continue to invest heavily to help augment the country’s huge demand for residential developments.”
CBRE Philippines is the leading real estate services and advisory firm in the country with over 18 years of proven track record in the industry. The company has been responsible in bringing in the largest institutional investors to the country, and has been instrumental in the development of the real estate industry.
Rick Santos, CBRE Philippines chairman & founder said that, “This is the best real estate market we’ve seen in 20 years. Our partnership with Sta. Lucia Land is an indication of the company’s strength and commitment in contributing to the industry’s success.”

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May 19, 2013

The manufacturing industry of the Philippines is now experiencing a resurgence since its slowdown in 2009 as demand for industrial facilities for the relocation site of multinational companies is growing on back of steady land values and rental rates.

This is among the insights contained in the 2012 yearend Market View report by leading commercial real estate services firm CBRE Philippines, particularly on the industrial property sector, which observed a shift in operations last year of Japanese, Korean, and Taiwanese manufacturing and industrial companies from China to the country.

According to CBRE, the tension caused by territorial disputes between China and Japan pushed the companies to look for alternative sites for its operations. In addition, escalating labor costs in the Chinese industrial regions have forced Taiwanese and South Korean companies to move to the Philippines.

“During the last quarter of 2012 was driven mostly by the relocation of multinational companies to the country. However, lease rates and land values in industrial sites are likely to keep steady throughout the current year as landlords are inclined to keep their competitive edge through lower rents despite the anticipated increase in industrial locators,” CBRE said in its 2012 Yearend Market View.

With the expected influx of global companies engaged in manufacturing and agro-industrial activities, the country’s four PEZA parks – the First Philippine Industrial Park, LiMA Technology Center, Laguna Technopark and Light Industry and Science Park – are expanding their properties to accommodate the incoming firms. Subic and Clark are also undertaking the expansion and development of its industrial properties to support the growth in industrial activities, CBRE said.

Likewise, continuous infrastructure developments such as airport, seaport and highways between the Clark Freeport Zone and Subic Bay Freeport Zone has opened up new areas of investment for the manufacturing industry as these foreign firms realize the country’s high investment potential. In addition, Ayala Land is currently developing a mixed-use development in Porac, Pampanga that will feature sites for industrial facilities.

The last quarter of 2012, which is the holiday season, is a traditional harbinger of increased demand for consumer goods, leading to expansion in imports. Exports, meanwhile, expanded with semiconductors, control instrumentations, metal components, office equipment and telecommunication goods. Total exports in the last quarter of 2012 rebounded by 9.1 percent year on year, while total imports increased by 4.6 percent.

Despite such growth in imports and exports, supply of land for industrial facilities remains abundant therefore keeping lease rates constant.

Rick Santos, Chairman and Founder of CBRE Philippines, shares that “the resurgence of the manufacturing sector is an indication of renewed investor confidence. This is the best real estate market the Philippines has experienced in the past 20 years.”

The post Relocations from Asian manufacturing firms drive RP’s industrial sector – CBRE appeared first on CBRE Philippines.

By:  Tessa R. Salazar

May 17th, 2013

The first half half of the year will be over in a month. Following a generally orderly May 13 national elections, favorable international credit ratings and property experts’ assessments have shown the property sector is flourishing.

Enrique M. Soriano III, Ateneo program director for real estate and senior adviser for Wong+Bernstein Business Advisory, said that, “with the successive Fitch and Standard & Poor’s successive credit ratings upgrade from BB+ to BBB-, PSEi hitting new peaks at 7,400, the 6- to 6.5-percent GDP 2013 forecast, renewed investor confidence due to the government’s reform agenda and the generally peaceful national and local election this week, the property sector is well on its way to outperforming last year’s banner performance, all this buoyed by a newfound optimism and rosy macro fundamentals in this 3-year-old administration despite an uncertain global economy.”

Investments

Rick Santos, CBRE chair and founder, said “the confidence in the Philippines from an investment standpoint is very high, especially in the light of the recent credit upgrades from Fitch and S&P.”

According to Santos, this has been a result of strong macro-economic fundamentals combined with an amazing confluence of events surrounding:

• Renewed confidence in the country’s leadership;

• Strong macro-economic fundamentals;

• A world-class cabinet;

• Record low interest rates;

• The outsourcing and business process outsourcing (BPO) sector creating 4.5 million square feet of new office takeup a year;

• The gaming sector taking off like Macau and Singapore;

• Record tourist arrivals;

• An influx of budget airlines;

• Remittances up, and a strengthening currency;

• Huge interest in the mining sector;

• US and Philippine relations back on track; and

• The Philippine stock market at an all-time high record level.

“The Philippine real estate market will experience sustained growth and opportunities in the office, residential, leisure and manufacturing sectors,” Santos added.

Growth trends

Claro dG. Cordero Jr., Jones Lang LaSalle head for research, consulting and valuation, said that “the significant sources of demand for the various property subsectors have shown significant growth trends in the first quarter of the year, primarily the level of remittances from the overseas Filipinos and the number of visitor arrivals. We can expect the property sector to register higher levels of demand due to this growth.”

Cordero said that in the first quarter of 2013, rentals and capital values in the office and residential sectors still managed to post positive growth.

Julius Guevara, Colliers International advisory services associate director and consultancy and research head, said: “The residential condominium market in Metro Manila in 2012 performed higher with sales about 5 percent more than the previous year’s levels. We are currently analyzing our market data for the 1st quarter of 2013 and it seems that the trend is continuous, so we see that for the rest of the year the preselling condo market will continue to grow at stable levels.”

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